Ingersoll Rand IncIngersoll Rand beat Q2 revenue and EPS estimates with revenues up 8.5% to $2.05 billion, though the stock is down 14% since reporting.
Ingersoll Rand reported second-quarter revenues of $2.05 billion, up 8.5% year on year and 4.6% above analysts' expectations, in what was a strong quarter for the company. The industrial equipment maker also beat analysts' EPS estimates, while its full-year EBITDA guidance met expectations, though the stock is down 14% since reporting and currently trades at $72.48. Across the 12 gas and liquid handling stocks tracked, group revenues beat consensus estimates by 2% while next quarter's revenue guidance came in 0.8% below, and share prices have fallen 7% on average since the latest earnings results. SPX Technologies posted the best quarter with revenues of $679 million, up 22.9% year on year and 5.8% above expectations, and achieved the highest full-year guidance raise of the group, while Graco delivered the weakest performance against analyst estimates with revenues of $590.6 million, up 3.3% year on year but 3% short of expectations. Flowserve reported revenues of $1.17 billion, down 1.6% year on year but 0.9% above expectations, and Parker-Hannifin reported revenues of $5.76 billion, up 9.8% year on year and 3.3% above expectations.
Ingersoll Rand IncIngersoll Rand beat Q2 revenue and EPS estimates with revenues up 8.5% to $2.05 billion, though the stock is down 14% since reporting.
Flowserve CorporationFlowserve reported Q2 revenues of $1.17 billion, 0.9% above analyst expectations, though down 1.6% year on year.
Graco IncGraco delivered the weakest performance against analyst estimates with revenues of $590.6 million, 3% short of expectations.
Parker-Hannifin CorporationParker-Hannifin reported revenues of $5.76 billion, up 9.8% year on year and 3.3% above expectations.
SPX CorpSPX Technologies posted the best quarter in the group with revenues up 22.9% year on year, 5.8% above expectations, and the highest full-year guidance raise.
China Lesso Group Holdings Ltd